Author: Money Mechanics

Key Takeaways DISH TV operator EchoStar announced the sale of low- and mid-band spectrum allocations to AT&T for $23 billion.The two firms also agreed to change their earlier network services deal to create a hybrid mobile operator relationship.EchoStar said the transaction resolves issues with federal regulators, who have been investigating whether it was meeting it wireless and satellite rights obligations. Shares of EchoStar (SATS) skyrocketed 75% in premarket trading Tuesday as the satellite TV provider, under pressure from federal regulators, sold 50 megahertz of its nationwide low- and mid-band spectrum allocations to AT&T (T) for approximately $23 billion. The operator…

Stock futures moved slightly lower Tuesday morning as investors assessed the potential impact of President Donald Trump’s decision to dismiss a high-ranking Federal Reserve official.  Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq were down 0.2% recently. Stocks got off to a sluggish start to the week after surging on Friday—the Dow hit its first record closing high of 2025—after Fed Chair Jerome Powell signaled that economic conditions may warrant a cut in interest rates when the central bank’s policy committee meets next in September. Late Monday, Trump said he had removed Lisa Cook from the…

Are you thinking about aging in place, maybe in a warmer locale? Like many of the roughly 20% of older adults who move for retirement, my father relocated to Florida to spend his retirement soaking up the sun and playing golf.Unfortunately, this means that, to date, he’s been in Florida for at least five hurricanes — one of which necessitated calling a contractor in a panic to help clear out space in the garage for his vehicle when he was on the edge of the hurricane’s path.I’m far from the only one who spends hurricane season worrying about whether my…

Question: I’m 53, and married with two teenage children. I earn $500,000 a year, yet I still live paycheck to paycheck. Despite my high income, we only started saving for retirement when I was 50. We have about $200,000 in a 401(k), which I max out annually. There is a $2 million mortgage on our primary residence and a $350,000 mortgage on our vacation property.My goal is to retire at 65 and maintain our current lifestyle, but I’m concerned about our lack of savings and high expenses. I’m also worried about how we’ll afford our children’s college educations.Answer: Living paycheck…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldOn the assumption that a chaotic, incoherent trade war was baked in the cake, FT Alphaville’s main bet for a financial-economic calamity under Trump 2.0 has long been that he launches a full assault on the Fed. Well, it’s here now: Donald Trump said he was firing Federal Reserve governor Lisa Cook “effective immediately”, in a stunning escalation of the US president’s attacks on the central bank. In a letter to Cook posted on social media on Monday night, Trump…

With no real updates on Russia-Ukraine peace talks, investors turned their focus to the Fed Chairman’s at the . His comments were seen as dovish, raising expectations for as many as three cuts of 25 basis points each this year. The US dollar initially reacted, but yesterday’s trading erased much of Friday’s move, showing that markets remain unsure if the Fed will really ease policy that much. Outside of monetary policy, the US continued to pressure India over its purchases of Russian oil. Washington warned it could raise tariffs on Indian exports to as high as 50% by the end…

When most people think about building wealth, their minds go to stocks, real estate, or even private equity. But in today’s market environment – shaped by years of rate hikes, stubborn inflation, and market uncertainty – one asset class is quietly offering some of the best after-tax income opportunities we’ve seen in a generation: municipal bonds. Historically, municipal debt has long been favored by retirees and high-net-worth investors for their tax-free income and low default rates. But today’s yields are rewriting the narrative. Munis are no longer just a conservative investment option for capital; they are outperforming many taxable alternatives…

Commodity stocks look all ready for a breakout, seeing the biggest spikes in their Growth scores in Benzinga’s Edge Stock Rankings over the past week. Top 4 Commodities Stocks With A Big Jump In Growth MetricsIn Benzinga’s Edge Stock Rankings, the Growth score is assigned based on the pace of expansion in earnings and revenue historically, with a focus on both longer-term trends as well as recent performances. Over the past week, we’ve seen big improvements in the Growth metrics of the following commodities stocks and ETFs. 1. Sprott Physical Platinum And Palladium Trust As the name suggests, the Sprott…

Real gross domestic product (GDP) for Guam increased 5.1 percent in 2022 after increasing 2.1 percent in 2021 (table 1.3), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). These statistics were developed under the Statistical Improvement Program, funded by the Office of Insular Affairs (OIA) of the U.S. Department of the Interior. GDP for 2022 The increase in real GDP reflected increases in exports, private fixed investment, government spending, and personal consumption expenditures (table 1.2). Imports, a subtraction item in the calculation of GDP, increased. Exports of goods and services increased 150.4 percent (table 1.3).…

Casarsaguru | E+ | Getty ImagesMillions of workers left their jobs during the “Great Resignation” of the Covid-19 pandemic, but economic insecurity and uncertainty have once more turned the tides of the labor market toward the “Great Stay.”Economists coined the term to refer to fewer employees leaving jobs, and fewer employers hiring or firing new workers.”We had this ‘Great Resignation’ just a couple of years ago,” Nela Richardson, chief economist at ADP, told CNBC. But now, “workers aren’t going anywhere,” she noted.”They’ve got their dream job, which is probably partly at home, maybe with a big salary pickup … And what…